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Creditor Giants Seek Dismissal of Optimum's Antitrust Case

2/8/2026

Summary

Story summary

Major creditors Apollo Capital Management and BlackRock asked a federal court to dismiss Optimum Communications' antitrust lawsuit.
Optimum Communications alleges the creditors formed an illegal cartel during debt-restructuring negotiations.
The creditors argue their collective negotiations are lawful under U.S. antitrust laws and help stabilize the restructuring.
The case has implications for the $3 trillion U.S. junk bond market and is set for a court hearing later this month.

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Story summary

Major creditors Apollo Capital Management and BlackRock asked a federal court to dismiss Optimum Communications' antitrust lawsuit.
Optimum Communications alleges the creditors formed an illegal cartel during debt-restructuring negotiations.
The creditors argue their collective negotiations are lawful under U.S. antitrust laws and help stabilize the restructuring.
The case has implications for the $3 trillion U.S. junk bond market and is set for a court hearing later this month.